NASDAQ : HONA
Honeywell Aerospace Inc. — Financial statements
Technology · Aerospace & Defense · United States
Last price 160.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 50.74B
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Financial statements
Honeywell Aerospace Inc. (HONA) reported revenue of 18.03B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 18.03B | 17.40B | 15.45B | 13.79B |
| Cost of Revenue | 11.78B | 11.34B | 9.94B | 8.51B |
| Gross Profit | 6.25B | 6.06B | 5.50B | 5.28B |
| Selling, General & Admin | 1.75B | 1.52B | 1.43B | 1.21B |
| Research & Development | 743.00M | 677.00M | 567.00M | 506.00M |
| Other Operating Expenses | -44.00M | 268.00M | 168.00M | 139.00M |
| Operating Expenses | 2.45B | 2.47B | 2.16B | 1.86B |
| Operating Income | 3.80B | 3.59B | 3.34B | 3.42B |
| Earnings From Equity Investments | 25.00M | 24.00M | 27.00M | 46.00M |
| EBT Excluding Unusual Items | 3.40B | 3.62B | 3.37B | 3.47B |
| Other Unusual Items | -649.00M | -269.00M | ||
| Pretax Income | 2.75B | 3.35B | 3.37B | 3.47B |
| Income Tax Expense | 689.00M | 627.00M | 519.00M | 557.00M |
| Earnings From Continuing Operations | 2.06B | 2.72B | 2.85B | 2.91B |
| Minority Interest in Earnings | -37.00M | -35.00M | -32.00M | -28.00M |
| Net Income | 2.03B | 2.69B | 2.82B | 2.89B |
| Net Income to Common | 2.03B | 2.69B | 2.82B | 2.89B |
| Free Cash Flow | 2.29B | 3.20B | 2.05B | 2.60B |
| Gross Margin | 34.64% | 34.84% | 35.62% | 38.31% |
| Operating Margin | 21.06% | 20.65% | 21.63% | 24.84% |
| Profit Margin | 11.25% | 15.44% | 18.24% | 20.93% |
| Free Cash Flow Margin | 12.73% | 18.39% | 13.27% | 18.83% |
| EBITDA | 4.26B | 4.01B | 3.69B | 3.73B |
| EBITDA Margin | 23.63% | 23.02% | 23.87% | 27.03% |
| D&A For EBITDA | 464.00M | 412.00M | 346.00M | 302.00M |
| EBIT | 3.80B | 3.59B | 3.34B | 3.42B |
| EBIT Margin | 21.06% | 20.65% | 21.63% | 24.84% |
| Effective Tax Rate | 25.02% | 18.72% | 15.41% | 16.05% |
| Revenue as Reported | 18.03B | 17.40B | 15.45B | 13.79B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.56B | 213.00M | 244.00M | |
| Cash & Short-Term Investments | 1.56B | 213.00M | 244.00M | |
| Accounts Receivable | 3.79B | 3.48B | 3.21B | |
| Receivables | 3.79B | 3.52B | 3.23B | |
| Inventory | 4.62B | 4.31B | 3.89B | |
| Other Current Assets | 544.00M | 344.00M | 308.00M | |
| Total Current Assets | 10.51B | 8.39B | 7.67B | |
| Property, Plant & Equipment | 2.62B | 2.35B | 2.25B | |
| Goodwill | 3.04B | 3.02B | 3.03B | |
| Other Intangible Assets | 2.24B | 2.18B | 2.13B | |
| Long-Term Deferred Tax Assets | 72.00M | 412.00M | 485.00M | |
| Long-Term Deferred Charges | 1.19B | 1.15B | ||
| Other Long-Term Assets | 4.55B | 141.00M | 128.00M | |
| Total Assets | 23.03B | 17.68B | 16.84B | |
| Accounts Payable | 2.93B | 2.88B | 2.67B | |
| Accrued Expenses | 1.69B | 1.96B | 1.66B | |
| Current Portion of Leases | 44.00M | 35.00M | 34.00M | |
| Current Unearned Revenue | 1.61B | 1.59B | 1.36B | |
| Other Current Liabilities | 120.00M | 109.00M | 101.00M | |
| Total Current Liabilities | 6.40B | 6.58B | 5.82B | |
| Long-Term Leases | 279.00M | 236.00M | 203.00M | |
| Long-Term Unearned Revenue | 1.07B | 1.09B | 1.04B | |
| Pension & Post-Retirement Benefits | 121.00M | 211.00M | 193.00M | |
| Long-Term Deferred Tax Liabilities | 679.00M | 61.00M | 59.00M | |
| Other Long-Term Liabilities | 1.11B | 1.01B | 701.00M | |
| Total Liabilities | 25.52B | 9.19B | 8.02B | |
| Common Stock | 3.00M | 8.61B | 9.05B | |
| Comprehensive Income & Other | -800.00M | -210.00M | -312.00M | |
| Total Common Equity | -2.57B | 8.40B | 8.74B | |
| Minority Interest | 83.00M | 97.00M | 92.00M | |
| Shareholders' Equity | -2.49B | 8.50B | 8.83B | |
| Total Liabilities & Equity | 23.03B | 17.68B | 16.84B | |
| Total Debt | 16.18B | 271.00M | 237.00M | |
| Net Cash (Debt) | -14.62B | -58.00M | 7.00M | |
| Working Capital | 4.11B | 1.81B | 1.85B | |
| Tangible Book Value | -7.85B | 3.20B | 3.57B | |
| Land | 82.00M | 77.00M | ||
| Buildings | 1.54B | 1.44B | ||
| Machinery | 4.43B | 4.19B | ||
| Construction In Progress | 321.00M | 366.00M | ||
| Order Backlog | 18.12B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 2.03B | 2.69B | 2.82B | 2.89B |
| Depreciation & Amortization | 464.00M | 412.00M | 346.00M | 302.00M |
| Stock-Based Compensation | 110.00M | 83.00M | 74.00M | 73.00M |
| Other Operating Activities | 192.00M | 166.00M | -232.00M | -110.00M |
| Change in Accounts Receivable | -127.00M | -267.00M | -395.00M | -134.00M |
| Change in Inventory | -451.00M | -390.00M | -557.00M | -508.00M |
| Change in Accounts Payable | 276.00M | 196.00M | 282.00M | 524.00M |
| Change in Unearned Revenue | 278.00M | 268.00M | -75.00M | -157.00M |
| Change in Other Net Operating Assets | 85.00M | 550.00M | 278.00M | 108.00M |
| Operating Cash Flow | 2.85B | 3.71B | 2.54B | 2.98B |
| Capital Expenditures | -560.00M | -504.00M | -488.00M | -387.00M |
| Cash Acquisitions | -2.13B | |||
| Investment in Securities | -5.00M | -1.00M | -15.00M | |
| Other Investing Activities | 47.00M | -20.00M | 34.00M | -56.00M |
| Investing Cash Flow | -518.00M | -525.00M | -2.60B | -443.00M |
| Other Financing Activities | -17.08B | -3.25B | 164.00M | -2.52B |
| Financing Cash Flow | -1.24B | -3.25B | 164.00M | -2.52B |
| Foreign Exchange Rate Adjustments | -8.00M | 34.00M | -4.00M | 1.00M |
| Net Cash Flow | 1.09B | -31.00M | 99.00M | 22.00M |
| Free Cash Flow | 2.29B | 3.20B | 2.05B | 2.60B |
| Free Cash Flow Margin | 12.73% | 18.39% | 13.27% | 18.83% |
| Levered Free Cash Flow | 2.24B | |||
| Unlevered Free Cash Flow | 2.24B | |||
| Cash Income Tax Paid | 206.00M | 206.00M | 161.00M | 84.00M |
| Change in Working Capital | 61.00M | 357.00M | -467.00M | -167.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Debt / Equity Ratio | -6.50 | 0.03 | 0.03 | |
| Debt / EBITDA Ratio | 3.76 | 0.07 | 0.06 | |
| Debt / FCF Ratio | 7.05 | 0.09 | 0.12 | |
| Net Debt / Equity Ratio | -5.87 | 0.01 | -0.00 | |
| Net Debt / EBITDA Ratio | 3.43 | 0.01 | -0.00 | |
| Net Debt / FCF Ratio | 6.37 | 0.02 | -0.00 | |
| Asset Turnover | 1.01 | |||
| Inventory Turnover | 2.77 | |||
| Quick Ratio | 0.83 | 0.56 | 0.59 | |
| Current Ratio | 1.64 | 1.28 | 1.32 | |
| Return on Equity (ROE) | 31.42% | |||
| Return on Assets (ROA) | 13.01% | |||
| Return on Invested Capital (ROIC) | 19.26% | 33.62% | 32.04% | |
| Return on Capital Employed (ROCE) | 22.80% | 32.40% | 30.30% |